Nationwide Business Premium Savings

Nationwide Business Premium Savings Review

Nationwide Business Premium Savings is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide Business Premium Savings are available in 50 states (and Washington, DC).

Key Takeaways

• If you filed after June 1, 2020, we´ll add $200 to your new business bank account. Just use promo code NEWBIZ200 on your application.** Not a new business? Use promo code NEWAXOSBIZ for a $100 bonus.
• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.70%, which is much higher than the average interest rate for a savings account.
• $0 monthly fee. This account does not charge any monthly account fees.
• Large minimum initial deposit. You need a minimum deposit of $25,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.

Nationwide Business Premium Savings Pros & Cons

Nationwide Business Premium Savings FAQ

Are savings accounts from Nationwide federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Nationwide offer a signup bonus?

Nationwide Business Premium Savings has a signup bonus of $200.

What is the minimum initial deposit for Nationwide Business Premium Savings?

What APY does Nationwide Business Premium Savings offer?

Nationwide Business Premium Savings offers an APY up to 3.70% (APY stands for annual percentage yield, rates may change). This is higher than the typical interest rates for online-only savings accounts, which is around 1% APY.

What fees does Nationwide Business Premium Savings charge?

Nationwide Business Premium Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Nationwide Business Premium Savings offer?

This savings account includes the following features:

• Signup bonus - Open an account and you may receive a signup bonus of up to $200. See offer page for more details.
• Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
• Mobile Banking Services - Nationwide Business Premium Savings allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Nationwide Business Premium Savings?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Nationwide Business Premium Savings?

The customer support email for Nationwide Business Premium Savings is consumerprivacy@nationwide.com.